Quarterly report pursuant to Section 13 or 15(d)

Commitments and Contingencies (Tables)

v3.19.3
Commitments and Contingencies (Tables)
9 Months Ended
Sep. 30, 2019
Commitments and Contingencies Disclosure [Abstract]  
Lease, Cost
The components of lease cost were as follows (in thousands):
 
Three Months Ended
 September 30,
 
Nine Months Ended
 September 30,
Operating lease cost
$
154

 
$
432

Finance lease cost:
 
 
 
Amortization of right of use assets
31

 
75

Interest on lease liabilities
3

 
8

Total finance cost
34

 
83

Total lease cost
$
188

 
$
515

Other information related to leases is as follows (in thousands):
 
Nine Months Ended
 September 30,
Supplemental cash flow information:
 
Cash paid for amounts included in the measurement of lease liabilities
 
Operating cash flow from operating leases
$
348

Financing cash flow from finance leases
57

ROU assets obtained in exchange for new lease obligations
 
Finance leases
$
148

Weighted-average remaining lease term:
 
Operating leases
4.0 years

Finance leases
2.3 years

Weighted-average discount rate:
 
Operating leases
10.0
%
Finance leases
6.2
%
Assets And Liabilities, Lessee
The Company's ROU assets and lease liabilities were reported in the condensed consolidated balance sheet as follows (in thousands):
Leases
Classification on Balance Sheet
September 30,
2019
Assets
 
 
Operating
Right of use assets – operating leases
$
1,783

Finance
Property and equipment
161

Total lease assets
 
$
1,944

Liabilities
 
 
Current
 
 
Operating
Operating lease liabilities
$
465

Finance
Financing obligations
82

Non-current
 
 
Operating
Operating lease liabilities, non-current
1,735

Finance
Financing obligations, non-current
104

Total lease liabilities
 
$
2,386

Lessee, Operating Lease, Liability, Maturity
Future payments used in the measurement of lease liabilities on the condensed consolidated balance sheet as of September 30, 2019 are as follows (in thousands):
 
Operating
leases
 
Finance
leases
Remainder of 2019
$
138

 
$
23

2020
695

 
91

2021
703

 
80

2022
663

 
5

2023
286

 

Thereafter
170

 

Total undiscounted lease payments
2,655

 
199

Less amount representing interest
(455
)
 
(13
)
Present value of lease liabilities
$
2,200

 
$
186

Finance Lease, Liability, Maturity
Future payments used in the measurement of lease liabilities on the condensed consolidated balance sheet as of September 30, 2019 are as follows (in thousands):
 
Operating
leases
 
Finance
leases
Remainder of 2019
$
138

 
$
23

2020
695

 
91

2021
703

 
80

2022
663

 
5

2023
286

 

Thereafter
170

 

Total undiscounted lease payments
2,655

 
199

Less amount representing interest
(455
)
 
(13
)
Present value of lease liabilities
$
2,200

 
$
186

Schedule of Long-term Debt Instruments
The Company's term loan is reported in the condensed consolidated balance sheets as follows (in thousands):
 
September 30,
2019
 
December 31,
2018
Term loan, remaining principal balance
$
4,000

 
$
4,000

Unamortized original issue discount
(140
)
 
(481
)
Unamortized debt issuance costs
(26
)
 
(88
)
Term loan
$
3,834

 
$
3,431